Global Robotic Process Automation in Finance Market Overview:
Robotic process automation (RPA) is a technology used to automate business processes. RPA involves “software robots” for handling repetitive tasks that were usually handled by human employees. As per industry research, RPA can drive 25-50% cost savings by automating data-intensive, repetitive tasks, and by improving the accuracy and efficiency of process execution. In the finance industry, RPA is used for verification and task organization as well as credit scoring and fraud detection applications. The RPA in finance is primarily used for time and cost savings using robotic process automation. The demand to improve operational efficiency will drive market growth.
- Faster, Cheaper And Easier To Program
- Regulatory Reporting And Balance Sheet Reconciliation
- Emergence of Advance Technologies
- Demand to Improve Operational Efficiency
- Demand for Robotic Process Automation
Some of the key players profiled in the report are Blue Prism (United Kingdom), Automation Anywhere (United States), NICE Systems (Israel), UiPath (Romania), Verint System (United States), Kryon Systems (United States), Kofax (United States), Nintex (United States), Redwood Software (United States), Celaton Ltd (United Kingdom), Xerox Corporation (United States), Pegasystems (United States) and Capgemini (France). Considering Market by End Users, the sub-segment i.e. Banking will boost the Robotic Process Automation in Finance market.
Data related to EXIM [Export- Import], production & consumption by country or regional level break-up can be provided based on client request**
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The top-down and bottom-up approaches are used to estimate and validate the size of the Global Robotic Process Automation in Finance market.
In order to reach an exhaustive list of functional and relevant players various industry classification standards are closely followed such as NAICS, ICB, SIC to penetrate deep in important geographies by players and a thorough validation test is conducted to reach most relevant players for survey in Robotic Process Automation in Finance market.
In order to make priority list sorting is done based on revenue generated based on latest reporting with the help of paid databases such as Factiva, Bloomberg etc.
Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment by targeting key target audience that includes New Entrants/Investors, Analysts and Strategic Business Planners, Robotic Process Automation Providers, Cloud Service Providers, Customer Experience Solution Providers, Venture Capitalists and Private Equity Firms, Government Regulatory and Research Organizations and End Use Industry.
This helps us to gather the data related to players revenue, operating cycle and expense, profit along with product or service growth etc.
Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that includes Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, USPTO, EPO, Annual reports, press releases etc.